Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is cumulative. How much will be distributed to the preferred and common stockholders on the date of payment if the preferred stock is $8,000 in arrears? A. $7,500 preferred, $12,500 common B. $15,500 preferred, $4,500 common C. $20,000 preferred, $0 common D. $8,000 preferred, $12,000 common